Dalfen Industrial Enhances Its Northeast Portfolio
Dalfen Industrial, renowned as one of the largest privately owned industrial real estate firms in the country, has successfully completed an off-market acquisition of a substantial 219,123-square-foot Class A industrial facility located in New Jersey.
Details of the New Acquisition
This Class A property showcases remarkable modern specifications, including impressive 40-foot clear heights and a well-planned 1:6,000 door-to-floor ratio, coupled with 35 fully equipped loading positions. Additionally, the facility is adaptable for either single or multi-tenant occupancy, providing substantial flexibility for potential clients.
Construction Plans and Lease Availability
Once the closing process is finalized, Dalfen intends to initiate construction of a 2,500-square-foot office space within the building. This addition will ensure that tenants seeking immediate space have a move-in-ready option as they join this burgeoning market. The asset is currently available for lease, presenting an attractive opportunity for businesses in need of industrial space.
Rising Popularity of Burlington County
Burlington County has experienced a rapid growth in its reputation as a logistics hub, offering businesses significant advantages in cost compared to other areas. Its strategic location is particularly appealing to Fortune 500 companies and third-party logistics providers. Some notable neighboring companies include Amazon, CVS, Ikea, Target, NFI, and Grainger, highlighting the area's viability.
Excellent Connectivity and Accessibility
The property is situated along the well-trafficked NJ-38, enjoying close proximity to key transportation routes such as Route 206 (less than 2 miles away), NJ Turnpike Exit 5 (under 7 miles), and I-295 (less than 8 miles). This strategic positioning facilitates efficient travel times to major locations like Philadelphia (approximately 30 minutes), the Ports of New York and New Jersey (about 60 minutes), and New York City (around 90 minutes).
Quotes from Leadership
Keith Hontz, the Northeast Market Officer for Dalfen Industrial, expressed enthusiasm about the acquisition: "We're pleased to add this building to our growing Northeast portfolio. The building's functionality and adaptability provide cubic storage efficiencies and support tenants of all sizes. This aligns perfectly with our focus on last-mile properties across the region."
About Dalfen Industrial
Based in Dallas, Texas, Dalfen Industrial LLC stands as a leader in last-mile industrial property management and is amongst the largest privately-held industrial real estate firms in the United States. With an impressive portfolio spanning over 50 million square feet, the firm specializes in strategically located infill warehouses and distribution centers. In the Northeast, Dalfen operates around 4 million square feet, with additional spaces under contract and in development.
Frequently Asked Questions
What recent acquisition did Dalfen Industrial complete?
Dalfen Industrial acquired a 219,123-square-foot Class A industrial facility in New Jersey.
What are the main features of the new facility?
The facility boasts 40-foot clear heights, a 1:6,000 door-to-floor ratio, and is adaptable for single or multi-tenant occupancy.
When will tenants be able to occupy the new space?
The property is currently available for lease, with construction of a new office space planned to commence shortly after closing.
How does the Burlington County area support logistics companies?
Burlington County provides cost advantages and excellent infrastructure for logistics operations, attracting major companies and third-party providers.
What is Dalfen Industrial's focus in the Northeast?
Dalfen focuses on last-mile properties in the Northeast, owning and operating a significant portfolio in the region.
